What is an insurable interest? Why is it important?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 82% (17 reviews)
An insurable interest refers to a financial stake in what is being ...View the full answer
Answered By
Bree Normandin
Success in writing necessitates a commitment to grammatical excellence, a profound knack to pursue information, and a staunch adherence to deadlines, and the requirements of the individual publication. My background comprises writing research projects, research meta-analyses, literature reviews, white paper reports, multimedia projects, reports for peer-reviewed journals, among others. I work efficiently, with ease and deliver high-quality outputs within the stipulated deadline. I am proficient in APA, MLA, and Harvard referencing styles. I have good taste in writing and reading. I understand that this is a long standing and coupled with excellent research skills, analysis, well-articulated expressions, teamwork, availability all summed up by patience and passion. I put primacy on client satisfaction to gain loyalty, and trust for future projects. As a detail-oriented researcher with extensive experience surpassing eight years crafting high-quality custom written essays and numerous academic publications, I am confident that I could considerably exceed your expectations for the role of a freelance academic writer.
5.00+
7+ Reviews
21+ Question Solved
Related Book For
Canadian Business & the Law
ISBN: 978-0176501624
4th edition
Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz
Question Posted:
Students also viewed these Business Law questions
-
What is an insurable interest? When must an insurable interest existat the time the insurance policy is obtained, at the time the loss occurs, or both?
-
a. Explain the meaning of an insurable interest. b. Why is an insurable interest required in every insurance contract?
-
Why is an insurable interest required for the enforcement of an insurance contract?
-
In programming challenge 8 of chapter 3, you created an application that converts celsius temperatures to fahrenheit. recall that the formula for performing this conversion isf = 1.8 * c + 32in the...
-
Indicate the effects of the following business transactions on the accounting equation for Sam's Snack Foods, a supplier of snack foods. Transaction (a) is answered as a guide. a. Sam's Snack Foods...
-
Suppose you are considering investing in two businesses, La Petite France Bakery and Burgers Ahoy!. The two companies are virtually identical, and both began operations at the beginning of the...
-
Calculate and interpret residuals.
-
The All Frame Company makes and sells artistic frames for pictures of weddings, graduations, and other special events. Martin Flack, the company controller, is responsible for preparing the master...
-
You run an advertising campaign that costs $1 MM but is projected to bring in an estimated $2.5 million in sales. What is the ROI
-
On January 1, 2024, Presidio Company acquired 100 percent of the outstanding common stock of Mason Company. To acquire these shares, Presidio issued to the owners of Mason $200,000 in long-term...
-
What does it mean to say that an insured has a duty to disclose? What happens if the insured fails in this duty?
-
What is a coinsurance clause? What is its purpose?
-
The functions in Exercises are defined for all x except for one value of x. If possible, define f (x) at the exceptional point in a way that makes f (x) continuous for all x. f(x) = = x + x 12 - x +...
-
Kelly Corporation received an advanced payment of \(\$ 30,000\) in 2018 from Rufus Company for consulting services. Kelly performed half of the consulting in 2018 and the remainder in 2019. Kelly...
-
Rosa Dominguez, the owner of Elegant Dining in San Jose, California, is pondering whether to buy electronic menu technology and tablets for her five-star restaurant. Prices for a typical four course...
-
Dura Corporation makes metal frames for several world brands of portable home generators. They sell the frames to a wide variety of portable generator manufacturers such as DeWalt, DuroMax, Generac,...
-
Rocker Industries (RI) produces recreational in-line skates (see Exhibit 14.36). Demand is seasonal, peaking in the summer months, with a smaller peak demand during December. For one of their more...
-
The BOM, current inventory, and lead time (in months) for the in-line skates in Rocker Industries (A) case is shown in Exhibit 14.37. Using the chase demand strategy, you developed in Rocker...
-
A company has $2,076 of debt outstanding and a market capitalization of $1,924. All of the debt matures in exactly one year. What is the probability that the company will default? Ignore drift and...
-
Which internal control principle is especially diffi cult for small organizations to implement? Why?
-
Circle an observation in Figure 235 that shows futures price changes exceeding spot price changes.
-
Roderick and Linda Sharpe borrowed $51,300 secured by a mortgage on their home. About six years later, with more than $68,000 needed to pay off the mortgage, the Sharpes defaulted. The mortgage...
-
In a mortgage foreclosure, what legal rights do mortgage holders have if the sale proceeds are insufficient to pay the underlying debt?
-
What is a short sale? What advantages over mortgage foreclosure might it offer borrowers?
-
There are three basic approaches to CVP analysis - equation approach, contribution margin approach, and the contribution ratio margin approach. How are these approaches similar and how do they...
-
There are six farmers in Great Britain with access to government land to graze their cows for free. They all must share the land. Each farmer has an individual incentive to put as many of his cows on...
-
Describe several common sources of yardstick data that you can use as bases for developing forecast assumptions
Study smarter with the SolutionInn App